Mgt 448

Globalization Questionnaire

Deshone Jones

MGT 448

Calvin Turner

February 16, 2011

Globalization Questionnaire

A. What is globalization, and what are some of the traditional international trade theories that support the concept of globalization?

Globalization expresses the development by which regional economies, societies and cultures have become incorporated through an international system of political ideas through a global communication, transportation, and trade. The text in the rEsource describes globalization as the move toward a more incorporated and mutually supporting world market. Globalization has several aspects of it, including the globalization of markets and the globalization of productions. The globalization of markets refers to the integration of historically differences and detached national markets into one massive worldwide marketplace. Globalization of production refers to the tracking of good and services from places around the globe to take advantage of national variances in the cost and quality of factors of productions.

B. List the major drivers of globalization and give three examples of each.

Globalization major drivers can be expressed as both the decline of trade and investments, and the role technology plays in change. The decline of trade and investments can include international trade, and foreign direct investments (FDI). Technology plays a significant role in driving globalization as well. An example of this is the Internet. The dramatic developments in the latest years have been in communication, information, and transportation technologies. For example, the development of microprocessors enabled explosive development of high-power machines and low-cost computing. The growth increases the volume of data that individuals and firms can process. These changes have permitted businesses to accomplish tight management of their global processes, and the world can be viewed as a single market. For example, the Internet...